<br><br><font size="3">'''The encyclopedia of trading knowledge, that [[Help:Contents|anyone can edit]]'''<br>Started in June 2005, we are currently working on [[Special:Statistics|{{NUMBEROFARTICLES}} articles]]</font></div>

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<div style="text-align: center;"><font size="3">'''The encyclopedia of trading knowledge, that everyone can [[Help:Contents|contribute]] to'''<br>Started in June 2005, we are currently working on [[Special:Statistics|{{NUMBEROFARTICLES}} articles]]</font></div>

[[Elliot wave]] theory was initiated in the 1930s by ''Ralph Nelson Elliot''. His basic theory was that [[crowd behaviour]], the basis for market activity, tends to operate in recognisable phases, and as such, [[price movement]]s can be anticipated to some degree.

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The accumulation/distribution line is similar to [[On Balance Volume]] but varies by adding only a portion of each day's volume to the cumulative total depending on the position of the [[close|closing]] price (see '''calculation''')

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During his early studies, using [[stock market]] data for his analysis, ''Elliot'' isolated thirteen examples of patterns √Ę‚ā¨‚Äú or waves √Ę‚ā¨‚Äú that are repetitive in their form only, and that the time and amplitude of the waves need not necessarily be repetitive...

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When the accumulation/distribution line is moving up it depicts buying ([[accumulation]]) and when moving down it depicts selling ([[distribution]]). When a [[divergence]] appears between the accumulation/distribution line and the price it implies that the price will reverse. For example, if the if the accumulation/distribution line is moving up and the price of the [[instrument]] is falling then the price is likely to reverse.

The success of the Traderpedia is dependent on the collective [[Special:Recentchanges|efforts]] of those that contribute. Getting involved is easier than it seems. Here are some places to start:

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The success of the Traderpedia is dependent on the collective [[Special:Recentchanges|efforts]] of those that contribute. Getting involved is easier than you might think. Here are some places to start:

Current revision

The accumulation/distribution line is similar to On Balance Volume but varies by adding only a portion of each day's volume to the cumulative total depending on the position of the closing price (see calculation)

When the accumulation/distribution line is moving up it depicts buying (accumulation) and when moving down it depicts selling (distribution). When a divergence appears between the accumulation/distribution line and the price it implies that the price will reverse. For example, if the if the accumulation/distribution line is moving up and the price of the instrument is falling then the price is likely to reverse.